Wespac Advisors adds Macquarie Infrastructure Corp (MIC) to its portfolio

Macquarie Infrastructure Corp (MIC) : Wespac Advisors added new position in Macquarie Infrastructure Corp during the most recent quarter end. The investment management firm now holds 7,657 shares of Macquarie Infrastructure Corp which is valued at $582,162 , the company said in a statement filed on Jul 26, 2016 with the SEC.Macquarie Infrastructure Corp makes up approximately 0.59% of Wespac Advisors’s portfolio.

Other Hedge Funds, Including , Terra Nova Asset Management reduced its stake in MIC by selling 588 shares or 3.73% in the most recent quarter. The Hedge Fund company now holds 15,164 shares of MIC which is valued at $1,152,919. Macquarie Infrastructure Corp makes up approx 1.92% of Terra Nova Asset Management’s portfolio. Country Club Trust Company N.a. added MIC to its portfolio by purchasing 3,000 company shares during the most recent quarter which is valued at $231,930. Macquarie Infrastructure Corp makes up approx 0.03% of Country Club Trust Company N.a.’s portfolio.Eqis Capital Management boosted its stake in MIC in the latest quarter, The investment management firm added 82 additional shares and now holds a total of 6,064 shares of Macquarie Infrastructure Corp which is valued at $464,381. Macquarie Infrastructure Corp makes up approx 0.03% of Eqis Capital Management’s portfolio.Fenimore Asset Management Inc boosted its stake in MIC in the latest quarter, The investment management firm added 8,165 additional shares and now holds a total of 184,151 shares of Macquarie Infrastructure Corp which is valued at $14,008,367. Macquarie Infrastructure Corp makes up approx 0.67% of Fenimore Asset Management Inc’s portfolio.Patten Patten Inctn boosted its stake in MIC in the latest quarter, The investment management firm added 8,311 additional shares and now holds a total of 159,976 shares of Macquarie Infrastructure Corp which is valued at $11,905,414. Macquarie Infrastructure Corp makes up approx 1.63% of Patten Patten Inctn’s portfolio.

Macquarie Infrastructure Corp opened for trading at $76.11 and hit $76.82 on the upside on Friday, eventually ending the session at $76.65, with a gain of 0.68% or 0.52 points. The heightened volatility saw the trading volume jump to 3,60,519 shares. Company has a market cap of $6,158 M.

On the company’s financial health, Macquarie Infrastructure Corp reported $0.13 EPS for the quarter, missing the analyst consensus estimate by $ -0.23 based on the information available during the earnings call on Nov 2, 2015. Analyst had a consensus of $0.36. The company had revenue of $415.71 million for the quarter, compared to analysts expectations of $428.12 million. The company’s revenue was up 7.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $13.87 EPS.

Macquarie Infrastructure Company LLC owns operates and invests in a group of infrastructure businesses that provide basic services to businesses and individuals primarily in the United States. The Company’s operational segments include International-Matex Tank Terminals (IMTT) engaged in bulk liquid terminals business which provides bulk liquid storage handling and other services at 10 marine terminals in the United States and two in Canada; Atlantic Aviation which includes a network of aviation fixed-base operations (FBOs) that provide fuel terminal aircraft hangaring and other services primarily to owners and operators of general aviation (GA) aircraft at 69 airports in the United States; Contracted Power and Energy (CP&E) which is engaged in selling energy generated by their facilities to creditworthy off-takers and Hawaii Gas a gas energy company processing and distributing gas and providing related services in Hawaii.

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